Treaty Series Recuei dens Traitds - United Nations Treaty Collection

354 United Nations - Treaty Series 1967
against risks incident to their purchase and transportation to the sites of
the Project.
Section 5.02. (a) The Borrower shall operate the schools and colleges
included in the Project so as to achieve the educational objectives of the
Borrower.
(b) The Borrower shall make available promptly as needed all funds,
equipment and supplies required for the efficient operation of the schools
and colleges included in the Project.
(c) The Borrower shall cause the buildings, equipment and other facilities
of the schools and colleges included in the Project to be adequately
maintained and repaired.
(d) The Borrower shall establish and maintain a central purchasing
agency in the Ministry of Education which shall be charged with the procurement
of all equipment and supplies required for the Ministry of Education
and any school, college or other educational institution administered by
said Ministry with such organization and powers as shall be required for
the efficient discharge of its functions.
Section 5.03. (a) The Borrower and the Bank shall cooperate fully
to assure that the purposes of the Loan will be accomplished. To that end,
each of them shall furnish to the other all such information as shall be reasonably
requested with regard to the general status of the Loan. On the part
of the Borrower, such information shall include information with respect
to financial and economic conditions in the territories of the Borrower and
the international balance of payments position of the Borrower.
(b) The Borrower and the Bank shall from time to time exchange
views through their representatives with regard to matters relating to the
purposes of the Loan and the maintenance of the service thereof. The
Borrower shall promptly inform the Bank of any condition which interferes
with, or threatens to interfere with, the accomplishment of the purposes
of the Loan or the maintenance of the service thereof.
(c) The Borrower shall afford all reasonable opportunity for accredited
representatives of the Bank to visit any part of the territories of the
Borrower for purposes related to the Loan.
Section 5.04. It is the mutual intention of the Borrower and the Bank
that no other external debt shall enjoy any priority over the Loan by way
of a lien on governmental assets. To that end, the Borrower undertakes
that, except as the Bank shall otherwise agree, if any lien shall be created
on any assets of the Borrower as security for any external debt, such lien
will ipso facto equally and ratably secure the payment of the principal of,
No. 8609